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The comparative statements of Enchanted Ltd are presented here. ENCHANTED LTD Statement of profit or loss for the years ended 30 June 2019 2020 Net

The comparative statements of Enchanted Ltd are presented here.

ENCHANTED LTD

Statement of profit or loss

for the years ended 30 June

2019

2020

Net sales

$1340000

$1180000

Cost of sales

656600

542800

Gross profit

683400

637200

Selling and administrative expense

300696

439668

Finance costs

27336

57348

Profit before income tax

355368

140184

Income tax expense

95949

35046

Profit for the period

$259419

$105138

ENCHANTED LTD

Statement of financial position

as at 30 June

Assets

2019

2020

Current assets

Cash

77000

70000

Accounts receivable (net)

219000

270000

Inventory

47000

40420

Total current assets

343000

380420

Non-current assets

Property, plant and equipment (net)

562400

706800

Total assets

$905400

$1087220

Liabilities and equity

Current liabilities

Accounts payable

$288000

$261000

Income taxes payable

51812

19275

Total current liabilities

339812

280275

Non-current liabilities

Loan payable

437100

394800

Total liabilities

776912

675075

Equity

Share capital

89942

284380

Retained earnings

38546

127765

Total equity

128488

412145

Total liabilities and equity

$905400

$1087220

All sales were on account.. The weighted average number of shares is 17988.

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Required: Calculate the ratios below for 2020. (Round all answers to 2 decimal places. Use 365 days for calculation.) (1) Earnings per share (2) Return on equity ratio % (3) Return on assets ratio % (4) Current ratio : 1 (5) Quick ratio :1 (6) Debtors turnover times (7) Average collection period days (8) Inventory turnover times (9) Average days in inventory days (10) Times interest earned times (11) Asset turnover times (12) Debt to total asset ratio :1

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